Oley Valley Inn closed, for sale

From our news staff

The Oley Valley Inn has closed and is on the market for $1.05 million, according to Steven Yeanish, co-owner of the restaurant and bed-and-breakfast.

Yeanish, who owns the Oley Township landmark at 401 Main St. with Barrie D. Frain, said that costs associated with an insurance settlement and subsequent lawsuits forced them to close the restaurant March 2.

They owned the restaurant for 20 years.

A devastating fire in May 2005 closed the restaurant for seven months, during which renovations took place.